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“What does contingent, continue to show mean?” – Tips for Macomb County MI home buyers

August 13th, 2012 · No Comments · Buyers agency, tips for home buyers

You’re driving down a street that you like, spot a for sale sign, and call your buyers agent to ask about the home.    “Have you sent that one to us?” is one of the most often asked questions I receive.

 

 

If the home is within the criteria that you presented me with, then yes, I have sent you the listing on the home to review.   However, if you’ve told me “no short sales” or “need to move quickly“, then I haven’t sent the home to you.

Let me explain:  Many homes listed “for sale” in the 2 multilist services that I belong to (Mirealsource and Realcomp II) are really homes that have been designated “contingent, continue to show” or “keep showing, contingency“.   This means that the home already has an offer in place and for varying reasons, the agents and the homeowners wish to keep showing the home.    It puts us, the buyers agents, and the public on notice that if they wish to view the home and wish to make an offer, it would most likely be as a back up offer only.  There are several reasons a home can still show “for sale” on the varying websites that buyers like to view, a couple of them are:

Short sales in which an offer is in place, and the sellers have started the process with their lien holder.
Inspection contingencies – the seller already has a valid binding purchase contract, but the buyer/s have not completed finished with their home inspection period yet.
Probate / estate sales are sales in which court approval can often times be needed.  During the waiting period, the current buyer may have an “out” clause in which they have given the sellers a time period in which to obtain the courts approval.

Often, a buyer client has specific time frames they must meet in which to purchase a home and move in to it.  The “contingent, continue to show” homes may mean that I can’t meet those time frames for them.  In all cases though, I will carefully look over the specific home and the reasons for the contingency and we will make a determination if it’s a home you should see, or one you want to pass on.

Kris Wales – a buyers agent in Macomb County MI
Contact Kris – (586) 536-5453
SEARCH Macomb County MI homes for sale

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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.